Daily Market Opinion for 12-Feb-2015


Daily Market Opinion for 12-Feb-2015

STI managed to continue its bullish streak yesterday as it manages to hold above 3420 level yesterday. It first opened with a gap up action but it was quick to face bearish pressure. In the first hour, STI faced volatility. It hit a low of 3431 level but managed to recover back above its opening level. It managed to retain the bullish momentum and hit a high of 3448 level during the early trading hours. However, the trading momentum weakens during the afternoon session due to lack of trading activities. At the closing hour, STI managed to close at 3444 level and gained 10.33pts. Last night, DJI traded flat with 6.62pts down. Will STI be able to retain their gains today?


STI have now confirmed its continuation of uptrend movement after holding above 3420 level on the previous day. This implies …

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